state gov MP Vyapam AAO (Group 2 Sub Group 2) Mock Test 2022 Income-tax and Corporate Tax Planning Income-tax
Which of the following case (s) will constitute tax liability under the head 'Other Incomes' as per the Income Tax Act, 1961?
a. Gifting a brand new Audi by Ram to his son without any occasion.
b. Gifting a brand new Audi by Ram to his son on his Birthday
c. Ram won in KBC for 2 crores.
d. Ram received an expensive Rolex from his friend as an anniversary gift.
Choose the correct option:
1
a, b and c
2
c and d
3
Only a
4
a, b and d